Read More

In an update to creditors, BDO said: “Following a series of protracted correspondence and meetings, HJL intimated that Wavetower would seek to increase their claim to £18million and consider appointing administrative receivers over the firm.

“The Joint Liquidators took steps to avoid such an eventuality and obtained an interim interdict in favour of the company which precludes Wavetower from making a receivership appointment.”

BDO have £30million in assets left in Oldco Rangers which are due to a host of creditors.